Category: Credit Score

With so many of algorithms and models, credit score becomes quite confusing. It sometimes make you messed up with your credit ratings and a bad credit, without making you realize what you have done. This is also true credit scores don’t get that much attention as they deserve, but yes they do come into consideration

In today’s world, if you want your loan or credit card application approved, the credit score is the one determining factor kept in mind by the loan companies at the priority list. The next question pops into the body of a normal person, why it is been considered as the most important factor by the

There can be nothing more delightful than starting your business. However, one of the major hurdles that many people face when starting a business is financing the venture. Apart from selecting the type of loan that is easy on pocket and meets your need, you may also face a major hurdle- having the right credit

Whether you prefer a direct online lender, a Fin-Tech lender, a commercial bank, a community bank, or peer-to-peer lender, your credit profile will be judged. This fact is beyond any confusion or doubt. A lender always makes an initial judgment of the loan seeker; i.e., an individual or a business group. Here we will share

Initiated by the set of difficulties faced by the lending firms and credit card providing agencies, the introduction of three digit credit score has been done in recent years. How much risk is involved in providing a business capital to a person or a business firm is no doubt a matter of concern for the

If you have a credit score that is lower than your expectation, you must be expecting to rebuild it as soon as possible. Well, the problem comes when you think that you don’t know the formula. Read our today’s post and know some exceptional ways to keep your creditworthiness for all intents and purposes higher;

The historical practice of social credit system involves a lot of things starting from the definition. This professional initiative of this system had been taken by the Chinese Government with the aim to develop a national reputation system. It is an individual score which highlights the social and economic status of a person. Nevertheless, the

Social Scoring is a quantitative measure; it is popular stratagem among the lending agencies based in Delhi, Mumbai, Hyderabad, Pune, Kolkata, Jaipur, and Chennai. Used for providing the lenders a brief estimation of future loan performance of a borrower, social score helps a lender in adjusting an interest rate which is convenient for both the

Limited access to credit is considered as one of the most operational factors that are not allowing the micro, small, and medium enterprise sector to move and grow. However, the same sector is playing a prominent role in country’s economic growth, which is visible in many developing countries, even in India. It should be kept

Social media data is playing a big role in online lending and it is a going forward topic. Initiated by this, business owners follow a lot of things for involving social media in their business growth which is certainly dependent on the cash lending. To a certain extent, there are unlimited numbers of things that